Wendy's (ST0x Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 13391.0× the size of Wendy's (ST0x Tokenized Stock) (WTWEN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.22 across 33 shared trading days). Both have run at a similar volatility, around 81% annualised.

Correlation: -0.22
Size ratio: 1 : 13391.0

Wendy's (ST0x Tokenized Stock)WTWEN

$7.9700

24h: +5.62%
Market cap: $11,397
Volume 24h: $4,210
Volatility (ann.): 79%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.0500

24h: -6.07%
Market cap: $152.61M
Volume 24h: $46.33M
Volatility (ann.): 83%

WTWEN 0.0%Share of the two combined market caps100.0% CRCLB

Performance

WTWENCRCLB

7 days+11.62%-10.02%WTWEN
30 days+29.59%-18.89%WTWEN
90 days—+1.70%—

Correlation

-0.22over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	WTWEN	CRCLB
Max drawdown (400d)	-9.3%	-35.4%
Risk-adjusted return (90d)	0.35	0.02

Relative strength over 90 days: WTWEN outperformed CRCLB by 55.9% — measured on the WTWEN/CRCLB ratio, so it holds regardless of market direction.

Wendy's (ST0x Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →